The Texas Department of Insurance led the charge to get multi-state settlement agreements from four insurance companies to refund more than $70 million to some 93,000 consumers, including about 71,000 servicemembers, according to a Pentagon news release. The companies are American-Amicable Life Insurance, Pioneer American Insurance, and Pioneer Security Life Insurance—all based in Waco, Tex.—and Boston Mutual Life Insurance. All four companies apparently misled low-ranking servicemembers into thinking they were buying investment products that were instead expensive term-life policies.